Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Nine Months Ended September 30 |
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| 2012 | 2011 | |||||||
|
|
|
|||||||
| Earnings Available for Fixed Charges |
||||||||
| Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | 12,260 | 12,818 | |||||
| Distributions less than equity in earnings of affiliates |
(401 | ) | (292 | ) | ||||
| Fixed charges, excluding capitalized interest* |
703 | 898 | ||||||
|
|
||||||||
| $ | 12,562 | 13,424 | ||||||
|
|
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| Fixed Charges |
||||||||
| Interest and debt expense, excluding capitalized interest |
$ | 588 | 729 | |||||
| Capitalized interest |
449 | 352 | ||||||
| Interest portion of rental expense |
47 | 47 | ||||||
|
|
||||||||
| $ | 1,084 | 1,128 | ||||||
|
|
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| Ratio of Earnings to Fixed Charges |
11.6 | 11.9 | ||||||
|
|
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| * | Includes amortization of capitalized interest totaling approximately $59 million in 2012 and $77 million in 2011. |